A company who discontinued a business are statutorily required to intimate to the assessing officer within ............ from the discontinuance.

CS Executive · Tax Laws and Practice · PYQS · December 2021
A company who discontinued a business are statutorily required to intimate to the assessing officer within ............ from the discontinuance.
(A) 15 days
(B) 30 days
(C) 45 days
(D) 60 days

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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